What modern monetary theory is, and what it is not

نویسندگان

چکیده

Modern monetary theory (MMT) has grown in popularity recent years. Several central bankers have made passing comments about it. However, the publication of two papers by Drumetz/Pfister Banque de France 2021 represents first attempt at a more systematic assessment MMT scholars with knowledge and experience banking. This is welcome event economic debate. The present paper analyses merits Drumetz/Pfister’s criticism, investigates some most common sources ‘misinterpretation’ MMT.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

P-value: What is and what is not

The misinterpretation and misuse of p-value have been increasing for decades. In March 2016, the American Statistical Association released a statement to warn about the use and interpretation of p-value. In this study, we provided a definition and discussion of p-value and emphasized the importance of its accurate interpretation.    

متن کامل

Understanding Heritability: What it is and What it is Not

Copy Abstract: Commentators generally found our exposition of the concept of heritability helpful for psychologists, suggesting that we largely accomplished our primary goal. Many provided supplemental and helpful perspectives on concepts we addressed. A few of the comments indicated that we may not have been completely successful in making clear our secondary goal, which was to outline how her...

متن کامل

What Is Applied Literature?

Applied literature is a term that is the outcome of a need to put literature to tangible uses in the “real” world. A medical practitioner looking for a definition of life, for instance, finds literature a useful source for the answer. With paradigm shifts in scientific studies, interdisciplinarity has been a method to overcome the alienations that resulted from the isolation of disciplines from...

متن کامل

Gene therapy : what it is , what it is not and what it will be

Gene therapy is the therapeutic procedure based on the introduction of healthy genes using recombinant DNA techniques. the first successful clinical trial of this technique was published in 1990. Despite the occurrence of adverse effects in certain clinical trials, some of them serious, both laboratories and companies are continuously developing novel materials and establishing both safer and m...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: European Journal of Economics and Economic Policies: Intervention

سال: 2023

ISSN: ['2052-7772', '2052-7764']

DOI: https://doi.org/10.4337/ejeep.2022.0088